https://www.taxtmi.com/caselaws?id=122832 The Tribunal allowed the appeal filed by the non-resident assessee, concluding that remittances brought into India through banking channels were not taxable under section 5(2)(b) read with section 69 of the Income-tax Act, 1961. The Tribunal emphasized that the CBDT Circular No. 5 supports the non-taxability of such remittances, discharging the onus under section 69. Consequently, the Tribunal found the orders of the Assessing Officer and the Commissioner (Appeals) unsustainable and deleted the impugned addition. The delay in filing the appeal was condoned. en-us Thu, 02 Apr 2009 00:00:00 +0530 Mon, 23 Oct 2023 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122832 The Tribunal allowed the appeal filed by the non-resident assessee, concluding that remittances brought into India through banking channels were not taxable under section 5(2)(b) read with section 69 of the Income-tax Act, 1961. The Tribunal emphasized that the CBDT Circular No. 5 supports the non-taxability of such remittances, discharging the onus under section 69. Consequently, the Tribunal found the orders of the Assessing Officer and the Commissioner (Appeals) unsustainable and deleted the impugned addition. The delay in filing the appeal was condoned. Case-Laws Income Tax Thu, 02 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122832